Sateliot has announced the opening of a $117.83m Series C financing round aimed at accelerating the deployment of its 5G satellite constellation, marking a significant step in strengthening European digital infrastructure and sovereignty.
The funding initiative was unveiled during a visit to the company’s Barcelona headquarters by Óscar López, highlighting strong institutional backing for the project, which is positioned as a critical dual-use infrastructure supporting both civil protection and defense applications.
The capital will be mainly allocated to the deployment of 16 satellites that will complete the IoT use case and serve as a demonstrator for the 5G New Radio technology incorporating voice, video and data. Sateliot has already launched six satellites and plans to launch five more in 2026.
Sateliot approaches this capital increase with precontracts valued at $318.15m, with over 400 clients in 60 countries, in addition to agreements with operators such as Telefónica and Deutsche Telekom.
Since its founding, Sateliot has raised nearly $117.83m, supported by a block of leading industrial, institutional, and financial investors such as Indra, Cellnex, the Spanish Society for Technological Transformation (SETT), Sepides (SEPI), Hyperion, Global Portfolio Investments, and Banco Santander, as well as backing from the European Investment Bank (EIB), which financed the initial deployment of its technology and the company’s growth.
Minister López supported the company’s growth plans and highlighted its achievements over the past year since SETT entered its capital: “Since then, Sateliot has doubled its workforce, closed $318.15m in precontracts with companies in several countries worldwide, signed agreements with operators such as Telefónica, Deutsche Telekom, and VIVO in Brazil, and received the ‘Future Unicorn’ award from the Digital Europe association. Sateliot is an example of Spanish and European digital sovereignty. The Government of Spain is proud to finance a Catalan project that integrates the entire cycle of design, assembly, and control of satellites made in Spain.”
For his part, Jaume Sanpera, CEO of Sateliot, noted: “This Series C reflects the company’s scale and timing. It is the largest round we have opened to date. With it, we will accelerate the deployment of our constellation and commercial execution on a global scale. We trust in the support of industrial, financial, and institutional investors to consolidate a European 5G satellite connectivity infrastructure.”
